Arlo Technologies ( (ARLO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Arlo Technologies has reported a net profit of $3.12 million, a significant turnaround from a loss in the same quarter last year, leading to a strong buy consensus among analysts. However, the stock price has been affected by negative insider sentiment, as a number of insiders, including the CFO, have recently sold shares. This mixed sentiment highlights confidence in the company’s improved financial performance but also raises concerns over the insider selling activity.
More about Arlo Technologies
YTD Price Performance: 75.57%
Average Trading Volume: 1,381,222
Technical Sentiment Signal: Buy
Current Market Cap: $2.01B
For further insights into ARLO stock on TipRanks’ Stock Analysis page.
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